Bond markets from US to Japan whacked as inflation and fiscal worries take hold

Global borrowing costs are hitting multi-decade highs again as inflation fears rise. The United States has seen its 30-year Treasury yields surpassing five percent, while Japan's 10-year borrowing costs approach a peak not seen in nearly 30 years. Additionally, long-term yields in Europe have reached some of their highest levels in years, creating ripple effects in economies and financial markets around the globe.